Check out the companies making headlines before the bell. Nvidia — Nvidia fell more than 1% after Morgan Stanley and Citi lowered their price targets on the chipmaker, a day after the U.S. announced new restrictions that would curb the sale of advanced AI chips to China. Both firms maintained their buy-equivalent ratings on the stock. Citizens Financial Group — The regional bank lost 3.7% after its third quarter results missed both top and bottom lines. Citizens Financial posted 89 cents in underlying earnings per share and $2.01 billion in revenue. Analysts polled by LSEG had forecast 91 cents earnings per share on $2.04 billion in revenue. U.S. Bancorp — The bank edged slightly lower in premarket trading after releasing third-quarter results that were about in line with expectations. Revenue came in at $7.03 billion, while analysts polled by LSEG expected $7.02 billion. Earnings per share totaled $1.05 per share versus a consensus forecast of $1.02. United Airlines — The airline stock slid more than 5% after the company released soft guidance for its fourth-quarter earnings. The estimated $1.50 to $1.80 earnings per share expected by the company fell short of the $2.06 expected by estimates according to LSEG. J.B. Hunt Transport Services — Shares ticked 3% lower after the transportation company fell short of Wall Street expectations in the third quarter. J.B. Hunt earned $1.80 per share on $3.16 billion in revenue in the quarter. Analysts polled by LSEG had forecasted $1.84 cents earnings per share on $3.19 billion in revenue. Interactive Brokers — Shares of the trading platform fell 3.8% in premarket trading, despite the company’s third-quarter earnings exceeding consensus. Earnings came in at $1.55 per share on $1.14 billion in revenue, higher than the $1.51 per share on $1.11 billion in revenue expected by analysts surveyed by LSEG. ASML — Shares fell 3.3% after the semiconductor equipment maker reported slightly weaker-than-expected net sales for third quarter and a net profit that was about in line with an LSEG consensus forecast. Bank of America reiterated its buy rating on ASML earlier Wednesday, however. Travelers — The insurance stock was down less than 1% after Travelers’ third-quarter earnings came in below estimates. Travelers reported $1.95 in adjusted earnings per share, below the $3.01 projected by analysts, according to LSEG, formerly known as Refinitiv. Travelers did report net written premiums of $10.49 billion, above the $10.33 billion expected. The insurer had $850 million in pre-tax catastrophe losses, up from $512 a year ago. Bio-Rad Laboratories — The stock slid more than 5% following the resignation of CFO Ilan Daskal. Procter & Gamble — Shares added 1.3% after the consumer goods company reported fiscal first-quarter results that exceeded analyst expectations . Earnings came in at $1.83 per share, higher than the $1.72 expected by analysts polled by LSEG. The company’s revenue of $21.87 also topped the $21.58 billion consensus. Elevance Health – Shares added 1.5% after the insurance company beat Wall Street expectations in the third quarter. Elevance Health earned $8.99 per share on $42.85 billion in revenue in the quarter, exceeding analysts’ estimates. Consensus estimates from LSEG came to $8.44 earned per share and $42.62 billion in revenue. — CNBC’s Hakyung Kim, Tanaya Macheel, Jesse Pound and Pia Singh contributed reporting.
